InvestorsHub Logo

DJN

Followers 46
Posts 7967
Boards Moderated 0
Alias Born 07/07/2008

DJN

Re: None

Sunday, 07/05/2009 11:52:53 PM

Sunday, July 05, 2009 11:52:53 PM

Post# of 10366
Overheard: Rescue From the Lehman Shipwreck

http://online.wsj.com/article/SB124683780510598019.html


Another rescue from the Lehman shipwreck. After drifting for months, the $23 million Lehman Brothers Foundation and some of its employees have reached dry land. Not with Barclays, which bought the bankrupt firm's U.S. business, but with Neuberger Berman. The asset-management company was itself acquired from the Lehman wreckage by its executives -- at an attractive price. One good turn deserves another.
* * *

It's hard to see a way out when you are at the bottom of the valley. But things can rebound surprisingly quickly.

Discussing the recent high-yield-bond rally, Martin Fridson, of Fridson Investment Advisors, recalls 1991, when he was standing amid the wreckage of an earlier bust. As a rare optimist at the time, he suggested that junk-bond issuance might one day return to $10 billion. In less than five years, the annual market was six times that level.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.